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Modification to Offer for Sale (OFS) of Shares through stock exchange mechanism

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....were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified vide circulars dated CIR/MRD/DP/04/2013 dated January 25, 2013, CIR/MRD/DP/17/2013 dated May 30, 2013 and CIR/MRD/DP/ 24 /2014 dated August 08, 2014. 2. To make it easier for retail investors to participate in OFS, it has been decided that seller may give an option to retail investors to place....

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.... non-retail category. 2.5. Seller may offer discount to retail investors on the said cut off price. 2.6. Retail bids below the cut-off price shall be rejected. Retail bids at cut-off price shall be allocated on proportionate basis in case of over subscription. 2.7. Any unsubscribed portion of retail category after allotment shall be eligible for allocation in the non-retail category. 3. In par....

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